Banca Akros Integrates Itiviti’s FIX, Infrastructural Solutions

Banca Akros, the investment and private banking arm of Banca Popolare di Milano Group, has selected Itiviti’s VeriFIX testing, MagniFIX monitoring, and MetriFIX measurement products to deploy a comprehensive trading system module, according to an Itiviti statement.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

Itiviti is a technology provider for the capital markets industry, offering a wide range of trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions. Banca Akros’ addition of Itiviti’s FIX infrastructure solutions will aim to reap the benefit of an expanded offering for sell side clients.

The VeriFIX testing, MagniFIX monitoring, and MetriFIX measurement products constitute its core offering, which has subsequently been adopted by Banca Akros as it looks to develop a simulated market test environment for accelerated trading systems.

Product Assimilation

More specifically, Banca Akros will be utilizing Itiviti’s automated FIX testing with simulation and replay functionality of client data. Additionally Banca Akros will rely on Itiviti’s real-time monitoring and order flow management, with the hopes of supporting faster response times, in conjunction with a consolidated view of message flow cohesion.

According to Alessandro Caffarra, a lead for trading technology systems at Banca Akros, in a recent statement on the selection: “As Banca Akros enters the next growth phase, we are pleased to work with Itiviti to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term their superior monitoring, metrics capture, testing and emulation solutions for greater business insight and trading efficiencies. We also appreciate that Itiviti enables us to add a key new functional element to our technology stack, while staying with a trusted supplier and partner.”

“Powering system consolidation for our customers within capital markets, whilst simultaneously providing best of breed solutions across the full technology stack, is core to both our strategy and those of our partners,” noted Lee Griggs, President of Europe Middle East, and Africa (EMEA) at Itiviti, in an accompanying statement.